Seeking Alpha

Katchum's  Instablog

Katchum
Send Message
Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
My blog:
Correlation Economics
  • Monitoring The Silver Premium 2 comments
    Jan 25, 2013 12:31 PM

    I have been monitoring the Engelhard bullion price to spot silver, but I don't see any significant movement here.

    So I'm going to stop monitoring this.

    (click to enlarge)
    Chart 1: Silver Premium Engelhard bullion to spot silver

    On the other hand, I'll now monitor a real dealer of silver, namely: First Majestic Silver Corp.

    Their selling price is displayed every day here. Today it stands at: $33.25/ounce. The spot price of silver is $31.22/ounce. That's a 6.5% premium.

    I think this tells me more about the silver premium than the Engelhard bullion price.

    Disclosure: I am long AGQ.

Back To Katchum's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • The_Hammer
    , contributor
    Comments (4065) | Send Message
     
    maybe the bigger premium in silver 1 oz eagles now at 3.99 is more important. can u research chinese purchase of foreign silver and domestic mine production?
    25 Jan 2013, 01:07 PM Reply Like
  • Katchum
    , contributor
    Comments (548) | Send Message
     
    Author’s reply » I have no idea where to find Chinese info, but I'll try. I'm also monitoring the 100+ quantity coins on APMEX, I'll add the 1-19 quantity coins on APMEX too.
    25 Jan 2013, 01:17 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.